Air and Missile Defense Radar Global Market Report 2024

The air and missile defense radar market size has grown strongly in recent years. It will grow from $12.05 billion in 2023 to $13.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth observed during the historical period in the field of Air and Missile Defense Radar (AMDR) can be attributed to various factors. These include geopolitical tensions, initiatives for the modernization of military infrastructure, concerns about the proliferation of missiles, increased defense budgets by various nations, and the emergence of asymmetric threats. These factors collectively contributed to the development, deployment, and enhancement of air and missile defense radar systems to address evolving security challenges during that timeframe.

The air and missile defense radar market size is expected to see strong growth in the next few years. It will grow to $17.72 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period for Air and Missile Defense Radar (AMDR) can be attributed to several key factors. These include an increasing focus on homeland security, a rise in investments specifically directed towards ballistic missile defense capabilities, the integration of radar systems with Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) systems, a global arms race contributing to defense advancements, and ongoing technological innovation in radar systems. Major trends expected in the forecast period include the incorporation of artificial intelligence (AI) in radar technologies, the expansion of naval air and missile defense systems, a heightened focus on cybersecurity measures to protect radar systems, increased global collaborations in the development of advanced radar technologies, and the deployment of three-dimensional (3D) radar systems for enhanced capabilities. These trends collectively reflect the industry's response to evolving security challenges and the integration of cutting-edge technologies in air and missile defense radar systems.

The escalating global military expenditure is a key driver propelling the air and missile defense radar market. Countries' increased investments in defense technologies, including advanced air and missile defense radars, aim to bolster their capabilities in detecting and intercepting incoming threats. In military operations, radar-equipped fighter aircraft are crucial for tracking and managing air-to-air missiles, rockets, and other airborne threats. Notably, as per the World Bank's analysis in April 2022, global military expenditure surged to $2.08 trillion in 2021 from $1.95 trillion in 2020, with the United States alone accounting for $800.67 billion in 2021. This upward trend in military spending worldwide is a significant driving force behind the air and missile defense radar market.

The burgeoning security threats and the imperative for robust defense systems are expected to fuel the growth of the air and missile defense radar market. These threats encompass diverse risks that pose potential dangers to data, systems, or networks. Air and missile defense radars play a pivotal role in mitigating security threats by offering early detection, tracking, and interception capabilities against airborne threats such as missiles, aircraft, and drones. An insight from Microsoft in January 2023 revealed that nearly 80% of nation-state attackers targeted government agencies, think tanks, and non-governmental organizations, highlighting the critical need for effective defense systems. Consequently, the escalating security challenges are driving the demand for air and missile defense radar systems.

A prominent trend in the air and missile defense radar market is the advent of technological advancements. Leading companies in this domain are dedicated to pioneering innovative technologies, notably networked radar systems, to maintain their competitive edge. These interconnected radar systems facilitate enhanced information sharing and coordination among various defense systems, thereby bolstering situational awareness and defense efficacy. For instance, in February 2023, ELTA Systems Ltd., an Israel-based defense products and services company specializing in radar technology, introduced the ELM-2090 TERRA Strategic Early Warning System. This dual-radar system harnesses UHF and S-band radars, demonstrating unparalleled detection and tracking capabilities against long-range, low-RCS targets. While each system functions independently, their combined deployment significantly elevates overall system performance, marking a stride in technological innovation within the air and missile defense radar market.

Major players within the air and missile defense radar market are actively engaging in partnerships to develop cutting-edge systems such as the SPY-6, aiming to secure a competitive advantage. The SPY-6 system, tailored for six categories of naval vessels, offers enhanced defense capabilities against ballistic missiles, cruise missiles, hostile aircraft, and surface ships concurrently, boasting superior range and sensitivity compared to earlier radar systems. Notably, in April 2022, CAES, a critical missions provider based in the US, collaborated with Raytheon Technologies, also a US-based technology company. Under a $200 million follow-on contract, CAES is set to deliver fully tested modular assemblies for the AN/SPY-6(V)1 radar system, commonly referred to as SPY-6 or Air and Missile Defense Radar (AMDR).

In July 2022, Leonardo DRS, a US-based defense contractor, completed a merger with RADA Electronic Industries Ltd for an undisclosed sum. This strategic merger positions the combined entity to focus on a diverse range of defense products, encompassing advanced sensing, force protection, network computing, and electrical power and propulsion. RADA Electronic Industries Ltd, a US-based defense technology company specializing in proprietary AESA radar solutions and legacy avionics systems, adds complementary expertise to the merged company's portfolio.

Major companies operating in the air and missile defense radar market report are BAE Systems Inc., Israel Aerospace Industries Ltd., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Reutech Radar Systems, SAAB AB, Telephonics Corporation, Thales Group, Airbus Group Inc., Aselsan AS, DeTect Inc., General Dynamics Corporation, Indra Sistemas SA, Hensoldt AG, Almaz Antey Corporation, Finmeccanica SpA, Rockwell Collins Inc., Bharat Electronics Limited, The Boeing Co., FLIR Systems Inc., Honeywell International Inc., L3Harris Technologies Inc., NEC Corporation, QinetiQ Group plc, Reutech Radar Systems Pty Ltd., Terma A/S, ThalesRaytheonSystems LLC, Toshiba Corp..

North America was the largest region in the air and missile defense radar market in 2023. Asia-Pacific is expected to be the fastest-growing region in the air and missile defense radar market report during the forecast period. The regions covered in the air and missile defense radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air and missile defense radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of air and missile defense radar include x-band radars and s-band radars. X-band radars operate within the frequency range of 8 to 12 GHz, offering higher sensitivity and the ability to detect smaller particles compared to other radar bands. Due to their shorter wavelength, X-band radars are particularly effective in detecting fine water particles and snow, making them suitable for cloud and light precipitation investigations. Air and missile defense radars are deployed across various platforms, including airborne, land-based, and naval systems. The radar systems can operate at different ranges, including short range, medium range, and large range, and they are utilized in both conventional and ballistic missile defense applications.

The air and missile defense radar market research report is one of a series of new reports that provides air and missile defense radar market statistics, including air and missile defense radar industry global market size, regional shares, competitors with an air and missile defense radar market share, detailed air and missile defense radar market segments, market trends and opportunities, and any further data you may need to thrive in the air and missile defense radar industry. This air and missile defense radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.